Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2006 M.B.A Financial Management FINANCE

(iv). Warehousing expenses (iv) Office expenses

12. Goodwill written off is a part of cost sheet.

a. actual b. False

13. Write the subsequent steps in sequence to obtain out the total cost in cost sheet.

a. Factory cost b. Prime cost
c. Cost of sales d. Production cost

14. The subsequent extract of costing info related commodity ‘A’ for the half year ending 31st December 1999.

Purchase of Raw material – 1,20,000
Factory rent rate & insurance – 8,000
Carriage inward - 1,440
Other factory overheads - 40,000
Direct wages - 1,00,000
Stock (1 July 99)
Raw material - 20,000
Finished product (1000 tones) - 15,000
Stock (31st Dec 99)
Raw material - 22,240
Finished product (2000 tones) - 32,000
Work in progress (1st July 99) - 4800
Work in progress (31st Dec 99) - 20,000
Sales- Finished products - 2,99,000
Administrative overheads - 4,000

Advertising discounts allowed & selling costs are Re one per tone. 16,000 tones of commodities were produced during the year.
PRIME Cost is :
a. 2,19,200 b. 3,19,200
c. 1,19,800 d. 4,00,200

15. Work Cost is :
a. 2,67,800 b. 3,67,200
c. 2,67,200 d. 2,37,200

16. Cost of production is:
a. 2,56,000 b. 2,36,000
c. 2,33,000 d. 2,56,600

17. Total Cost is:
a. 2,45,000 b. 2,35,000
c. 3,45,000 d. 2,54,000

18. “ The amount at any provided quantity of output by which the aggregate costs are modifications if the quantity of output is increased or reduced by 1 unit” is called:
a. Absorption b. Marginal Costing
c. Variable Costing d. C.V.P analysis

19. P/V ratio = C/S
a. actual b. False

20. Which of the subsequent is accurate.
a. C=s-vc b. C=F+P
c. S=c-vc d. All of the above

21. P/V stands for profit/value ratio.
a. actual b. False

22. compute B.E.P from the subsequent figures.
TS = Rs 50,00,000 VC = Rs 2,75,000
N.P.= Rs 1,08,000 BEP= ?
a. Rs. 2,30,000 b. Rs. 2,60,000
c. Rs. 3,00,000 d. Rs. 3,30,000

23. In a B.E. chart, the horizontal axps (x-axis) represents _________ .

Earning:   Approval pending.